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World14 July 20261 min read

U.S.-Iran Clashes Spark 4% Oil Price Spike

Global energy markets erupted as crude oil prices skyrocketed by over 4%, shattering recent stability. As of July 13, 2026, Brent crude jumped to $79.21 per barrel, while WTI hit $74.42. This sudden rally follows a dramatic military esca

Editorial Team Legacy

Published 14 July 2026, 8:00 · Updated 18:13

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U.S.-Iran Clashes Spark 4% Oil Price Spike

TDT | Manama

Email: mail@newsofbahrain.com

Global energy markets erupted as crude oil prices skyrocketed by over 4%, shattering recent stability. As of July 13, 2026, Brent crude jumped to $79.21 per barrel, while WTI hit $74.42. This sudden rally follows a dramatic military escalation, with the United States and Iran trading heavy retaliatory airstrikes.

With the critical Strait of Hormuz now facing severe supply disruption risks, traders are frantically pricing in conflict premiums, threatening immediate retail gasoline inflation worldwide.

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